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cliff negotiations, that are going to eliminate this middle class tax hike, but the fact is, payroll taxes are going up. if you make $50,000 a year, you're going to pay a thousand more in taxes so when the president and congressional leaders stand up and say we saved the world, we avoided middle class tax hikes and look at your paycheck, you're going to realize they talk in a different language in washington and people get burned. stuart: i know you've got a poll on the blame game. i'm going to put it up on the screen now. i think it sails 44% will blame the republicans if we go over the cliff and 36% blame the president, scott, i think that's much more narrow than i thought. i thought republicans would overwhelmingly get trashed on this and get all-- >> no, because the republican voters say the president is to blame for everything. if their favorite football team lost it's the president's fault. a good solid base of republicans that have a different way and republican-leaning independents and 50% say both sides are to blame and the cynicism is unbelievable. they just, you know, righ
to bye down months of the cut but says the tax issues shooting forward. >> we will continue to work on finding smarter ways to cut spending. but let's not let that hold up,be protecting americans from the tax hike that will take place. we can do this. we must do this. >> though it is down to the wire. >> it's december the 31. january 1 is tomorrow, 2013. taxes go up. >> frustrated senator john thune says the senate should have acted months ago to keep the u.s. economy going off the fiscal cliff. >> i find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz. i hope we can get something done on the last day. we put two people together basically to resolve this. >> the two people were senate republican lea leader mitch mcconnell and joe biden who worked the phones after talks between mcconnell and harry reid stalled. >> discussions continue today on plan to affect the middle class families from the tax increase tomorrow. there are a number of issues in which the two sides are still apart. negotiations are continuing as i speak. >> the ag
that would let taxes rise on the wealthiest households while protecting the vast majority of americans from tax hikes set to hit in january. welcome to the saturday edition of "and the washington journal." for the first 45 minutes of the program we are going to be talking about senate negotiating a fiscal clifts deal, what has been going on on that half of the capital. see what they are talking about and how things are going. we want to get your input and your part of the conversation. you can reach out to us on twitter. facebook, facebook.com/cspan. and you can send us an e-mail. this is more from the article, the lead story in "the washington post." they ride, the development marked a breakthrough after weeks of paralysis. joining us by phone is one of the authors of that article, and, laurie, welcome to the program. tell us, what kind of a deal did the president offered? what is new in the negotiations among the senators and between the senators and the white house? caller: there does not appear to be anything new. the policies they are talking about are the senate has been on the table
trigger a big series of tax hikes and spending cuts. welcome to "america live" i'm rick folbaum. >> i'm arthe arthel nevel. the president is expected to make remarks within the hour about the on going negotiations about the so-called fiscal cliff. we'll bring that live to you when it happens. sources are telling fox news that congress has figured out the tax part. the main bone of contention is at this point the spending. the white house wants new spending using tax hikes to prevent some of the severe budget cuts that also kick in in 11 hours from now. republicans argued that is just robbing pete tore pay paul. chief congressional correspondent mike emanuel is live at the capitol following all of the bouncing balls. hey, mike. >> reporter: one concern for republicans as they look at this deal is what about spending cuts? where are the spending cuts? it sounds like they are getting close in the talks between vice president joe biden and the senate republican leader mitch mcconnell but there is not a deal until senator mcconnell knows he has enough support. let's take a look at some of
billion in spending cuts and tax increases that are set to go into effect, just under 48 hours from now. that is, unless the politicians in washington come up with a deal to pull back from the so call fiscal cliff. good morning on this sunday morning. >> i'm heather childers. welcome to a brand-new edition of america's news headquarters. there is still no concrete plan on the table. instead, lawmakers have given themselves by 3:00 p.m. today to come up with a compromise agreement that will have enough support to survive both a vote in both houses of congress. chief white house correspondent ed henry is live with more. >> good morning. interesting because the president, in his first sunday show, tv appearance since 2009, when he was pushing health care reform and went on "meet the press" to pound a message over and over, that in his estimation, the onus is on republicans over the next 24 to 48 hour, basically saying, if they don't put together that bipartisan deal in the senate that you just mentioned, they should have a vote in the house and in the senate on the president's stop-gap mea
republicans have had trouble saying yes." what has been going on here? wanted to president's raise taxes for people making over $250,000 a year and do that with some budget cuts and some and tom reform and that he has not been able to get any kind of action from the republicans. he believes there is a negotiation in which he has been the only person willing to put forward any kind of compromise and the house republicans have not been able or willing to do. the vote john boehner schedule and had to cancel is evidence of that in the present cost mind -- in the president's mind. we have part of what speaker boehner said. "the comments today are ironic as a recurrent theme was his unwillingness to stand up to anything in his own party. from the republican side of the aisle and speaker boehner, where are things at the moment? guest: the speaker had been hoping there would be a larger deal. the president was ready to move forward on in the time they had in front of them. this was in vision at one point to be the grand bargain which would incorporate in atomic reform and all sorts of budget cut
the fiscal cliff, to avoid taxes being raised on middle class folks and on 98% of america to avoid in my view a sequestration that would be very damaging to the defense and nondefense sides, there's an agreement that's possible. and, you know, there are four issues that are outstanding. each of them is bridgeable in a certain way. they are we believe that the bush tax cuts should go up for people above $250,000 this can a year. there is a disagreement on estate tax. we prefer the 2009 levels, jon would prefer something else. whether unemployment insurance is included in, we feel that's very important and then whether you use some small portion of the revenues you gain from the tax increases to pay down sequestration per year. those would be the four areas they have to come to agreement on. there are some areas i think there's agreement. dealing with the amt patch so that middle class people don't go -- the sgr, the medicare and some tax expenditures on business and middle -- >> you're talking about extending tax cuts for most americans, talking about more spending, this would be extending une
. gregg: this is it. we are just hours away from falling off the so-called fiscal cliff. tax hikes for nearly every american. lots of different ones. spending cuts of totaling more than a trillion dollars. by all indications, nothing, we mean nothing has changed on capitol hill. senate majority leader harry reid saying significant distance remains between the two sides. good morning everyone, i'm gregg jarrett in for bill hemmer here in "america's newsroom.". >> i'm heather childers in for martha maccallum the senate gavels in at 11:00 a.m. we'll see if there was some miracle overnight. gregg: i doubt that. yesterday, republican senate leader mitch mcconnell made an emergency call to the vice president joe biden in an evident to jump-start negotiations. heather: if no deal is haed out today, majority leader reid says he will call a vote on a separate white house plan that reflects's original proposal. gregg: chief correspondent mike emanuel kicks off the coverage. mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems
: the president is getting higher taxes if we go over the cliff and he can go back and change the tax rate for those making $250,000 or less. the speaker saying it has to be $1 million or above. the president much more in the driver's seat. guest: yes and no. let's say we go over the cliff and that's the markets are in a panic and people have paychecks that have less money in them. people will not necessarily blame john boehner. they will blame the president. he has political capital that could evaporate. i'm not sure if he gets what he wants -- that is not how american politics necessarily works. host: what led to this meeting? harry reid was sounding pessimistic early in the day. then john boehner calling the house back sunday evening with a vote scheduled after 6:00 p.m., setting up a late sunday session or a lot of fireworks on monday. guest: the redskins-cowboys game is on sunday night. each side staked out a public position it had to stake out. use it at the end there's a sentence saying, but we will talk or negotiate. nothing unusual here to me. i think right now they are doing what
. what tax and spending issues do need included in any compromise. republicans, your number is -- democrats -- independents -- if you are outside the u.s. -- you can also catch up with us on all your favorite social media sites, twitter, facebook, or e- mail us. a very good morning to you. taking to the latest headlines on the fiscal cliff. i will run a few -- through a few of them for you. from "the daily news" -- also "l.a. times" -- i will take to "a "boston globe"" -- "the boston globe" -- the new york post -- the story i want to start with this morning is from politico. that line is -- senate leaders are headed into a critical sunday session of congress with a similar mission to avoid historic tax hikes, setting the stage for a high wire a final act of fiscal cliff negotiating just two days before the country is hit with a series of tough austerity measures. -- that again is from politico this morning. you're getting your thoughts, and we want to hear your message to congress on the fiscal cliff negotiations. the politico story mentioned what was happening on saturday e
in these negotiations. people are trying to avoid taxes going up automatically and there is a spending side trying to make sure these do not happen and a sticking point for how and if they avoid these will trying to avert the tax increases. guest: i was in the scrum of reporters as he walked out of the democratic caucus meeting. he asked senator reid if he planned to make a counteroffer and he said, i just did, and he kept walking. shortly thereafter, i spoke to his spokesperson is saying that he was just being rhetorical. i don't know if that was just a bit of harry reid your market -- humor or she had made a counteroffer and they did not want to make it public. that is how it has been. lots of information, lots of lawmakers trafficking. not a lot of good, solid information as these are pending. >> one story is that much mcconnell had gone to speak with vice president biden. what can you tell us? guest: the republican leader calls joe biden off the bench. it is what we had been waiting for. the senate republican leader and the vice-president have a good working relationship. we saw that in the de
it to the conversation of exactly where these tax cuts could take place if they happened after january 1st. the republicans want to vote to lower taxes. okay? see them go right to left as it were. the democrats want to see them go down and the republicans it appears increasingly clear are not going to vote to change the figure below the $1 million mark that boehner didn't get past the caucus unless they say to their people at home, they voted to lower taxes on all americans. >> peter, that was extraordinary. >> reporter: i tried. >> one of the best on this show. thank you! >> we have also got mike viqueira. mike? a lot of people and myself included believe that the payroll tax cut is the most damaging part of this for the middle class. if we do not extend it $125 billion comes out of the economy this year. so, you know, when's the latest on the payroll tax cut? any chance it's extended as part of a deal? >> reporter: great question. i cannot compete with peter's metaphor. it's a full court heave as the buzzer is sounding. that's the odds for a deal before monday night new year's eve. the p
aboutrd. now, the president campaigned on raising taxes on people making more than $250,000 a year. the bush era tax cuts will expire at the end of this year. obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr. president, the house, we hear this so often, is controlled by the reap warnings and we acknowledge that. i would be most happy to move forward on something that senator mcconnell said they wouldn't filibuster over here that he would support and that boehner would support, if it were reasonable, but right now we haven't heard anything. i don't know, and it's none of my business, i guess, although i am very serious, if the speaker and th
to -- that they were going to wait on that piece and tried to get the tax be stunned. i do have a couple more details of want to share with you that are important. the tax extenders. very important to the business community. i have from an official who was involved in these negotiations learn that the framework would, in fact, extend the research and development tax credit. very important to tech companies and to other companies that do a lot of r&b, extending for one more year. also the provision for special depreciation. 50 percent bonus depreciation would be extended for another year. the president at an event at the white house with working-class middle-class families, urging them to keep up the pressure on the members of congress to get to sequester finish line. >> as the president just said, we are very close to an agreement. we need to protect american families and job creators from this looming tax act. everyone agrees that action is necessary. i can report that we reached an agreement on all of the tax issues. >> obviously that was not the president. that was the republican leader has been n
that immediately. senate democrats saying we passed a bill that raises tax rates on incomes over $250,000, we ran on this and this is what we are offering. house republicans were saying, no, we want to negotiate something, figure it out and send it to us. someone is going to have to move. who? the president met with senate majority leader harry reid before going to hawaii and his offer was to extend the tax cuts for incomes under $250,000, extend unemployment insurance benefits, and the lady across the board automatic cuts that are supposed to start january 1. that seems to be a non starter with republicans. it's hard to see where we go from here. host: have they been talking over the christmas break at all? also, one has been the role of senator mitch mcconnell? guest: the line that comes from the speakers office all the time is the line of communication remain open. i don't know how much talking they did as the president was in hawaii spending time with his family and the speaker was back home in ohio, i believe. i don't know that for sure. everyone was doing their family time and not really wo
that they gave ground on other issues, including raising the tax threshold, as well as -- that was from two hours ago. sheila jackson mentioned the change that she objects to, she and other outside democrats and house progressives in particular. don is on the democrat's line. go ahead with your comments. caller: i am an old disabled veteran. i love this country so much. i cannot understand for the life of me what our government is trying to do with the bickering and tearing each other down, tearing the country down. why in the world can these supposedly intelligent groups of men and women not get together to work out for the best interest of all concerned, all 330 billion americans, what is the best course to take? just take it. none of this squabbling. get together, folks. let's have some harmony in warrington. that is what we need. we need more on selfishness. a lot less ulterior motives. no more 2000 page bills that no one can understand. we do not need more of that crap in washington. we need some representation. get your act together. >> we are going next to minneapolis, minnesota. john, wel
are optimistic about a mini deal which, of course, will raise taxes on those above $400,000. expand the amt, cut some spending. what are you hearing? >> reporter: well, hearing a lot of different things right now. one of the items and ruled by rumor and then denials and frustrations, toure. we know that we saw senators mcconnell and reid arriving a short time ago. we didn't pelosi and boehner arrive yet but the vice president joe biden got here a short time ago, as well. there's other reporting from the hill right now about the potential that the president is going to return to what was basically his original outlined plan. perhaps a smaller plan but a plan where the threshold would be set closer to $250,000 as he initially had before the $400,000 offer that john boehner the white house would contend walked away from when he proposed his $1 million threshold in this situation right now. that and a priority that the president outlined a week ago on friday before leaving to join the family in hawaii saying he wanted to extend unemployment benefits for a lot of americans. 2 million plus beginning t
. the talks are a last-ditch effort to avoid spending cuts and tax hikes from 90% of american households. mike emanuel is live on capitol hill where all the action is taking place. is there a lot of action? there is a lot of buzz on capitol hill. mitch mcconnell, who will be attending a white house meeting told us a few moments ago that we are always the running out of time. chairman max baucus, the democrat says that he thinks this will fiscal cliff matter comes down as one white house meeting two hours from now. another top senate republican said a short time ago that he was calling on president obama to lead. >> the president is not a senator anymore. he's a president. just as president reagan worked to deal with tip o'neill and bill clinton and president eisenhower, we need leadership on not just taxing rich people, but we contact them and it wouldn't help the medicare fiscal cliff. greg: others are skeptical, noting that high-profile meetings are for show often times and all about tactics. we expect the president will try a stopgap measure extending middle-class tax rates, extending unemp
, tip o'neill, the democrat made a deal for the huge change in our tax structure. there seems no possibility of a deal like that being made now. >> well, the republicans clearly feel that they've been disadvantaged by president obama and they actually, i don't think, trust him or the democrats anymore because of the experience they went through with the affordable care act. obama care, they've got nothing out of it so they feel they will be hung out to dry if they do a deal. >> you know, there are so many pots and plans clattering around the chamber and what bothers me he is the lopsidedness of the debate. how about the g.o.p. for decades never said we are the ones delivering the middle class tax cuts. these are middle class tax rates that were enacted undergeorge w. bush. we own these for the middle class, not the democrats. why isn't the g.o.p. stepping up for that. >> i guess because they have no historical memory, a democrat hasn't done this since jfk. back in the early 1960's. and he got a huge amount of protest. >> clinton lowered the capital gains tax and because of tha
it constitutional under the taxing power even though the plain language of the law it wasn't a tax. justice roberts was clearly looking for any rationale to uphold the law. >> i think because he was looking not to get criticized, have the court criticized for being too political. he probably believes he was protecting the reputation of court but he made the court look more political and hurt his reputation and ultimately the court, too. if you have your own hit or miss please send it to us and sure to follow us on twitter. thanks to my panel and to all of you watching. i'm paul gigot. happy new year and hope to see you right here next week. >> gregg: a fox news alert. we are getting word from the nation's capital that harry reid will soon be coming out and address the fiscal cliff at the microphones any moment now. congressional leaders are holding marathon negotiations behind closed doors. we're only getting drips of what is going on racing against the clock as the final countdown to the fiscal cliff deadline begins. unless a deal is reached by january 1st, more than $500 billion in tax increases
americans more money in tax asks caused deep cuts to many programmer autos there is no deal. right now, congressional leaders said to be close toon agreement f it happens it won't be until tomorrow at earliest. >> abc 7 news has been monitoring the back and north and joins usry. mark, safe to say we may go over the cliff but not to a crash landing. >> you're right that. is a good way to put it. just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for households making up to $450,000 per year, increasing estate tax rate from 35% to 40%, and extend unemployment benefits one year. sticking spoint how long to push off massive mandatory spending cuts to the pentagon and
. fiscal faceoff or new year's resolution. also one tax that will go up. marilyn monroe closely watched by the fbi. director's feud over "django unchained" and a chance for 100 lucky people to star in the super bowl halftime show alongside beyonce'. details on those stories throughout the hour. >>> but up first, right now senate leaders scrambling to find common ground to avoid going over that fiscal cliff. got less than three days to go now, folks. at the same time in his weekly address today, the president says he's preparing a plan of action if no deal is reached. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the ground work for future progress on more economic growth and deficit reduction. >> republicans say they want a deal as well, but they highlighted their biggest sticking points today in their weekly address. listen now to missouri senator roy blount. >> senate democrats have sp
to avoid the fiscal cliff, which would mean avoiding automatic tax increases and spending cuts come, you know, 1. the president spoke to the nation this evening after an hour-long meeting with congressional leaders at the white house. democrat and republican leaders have agreed to extend jobless benefits and some tax increases. they appear to remain deadlocked on who exactly will pay those higher taxs. we have two reports tonight, beginning with major garrett at the white house. major, good evening. >> reporter: good evening, jeff. two things are clear tonight that were not clear this morning-- progress is real and if a deal is reached, it will be far smaller than any of the key players envisioned only a couple weeks ago. is this deal, if it's to be reached, will not the so-called grand bargain with trillions of dollars of deficit reduction. in fact, jeff, it's not even clear this deal-- again, if there is one-- would stop the across-the-board spending cuts for the defense department and other government programs. it looks like those cuts will go forward. what the president said today is
a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over into the house and done in a timely fashion so that we met the december 31st deadline. given how things have been working in this town we have to actually wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action. so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i have asked senator reid to do. this put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> joining us now from capitol hill. south da
to be lifted up, it's the middle class that can't afford tax hikes, and those at the very top can do just a little bit more. ates very simple point. and i just would hope, given that everyone says they're for the middle class -- i know my colleagues on the other side of the aisle say that every day, that they agree with that. that finding this compromise will not be elusive but will come to pass. you know, i have been here for a while, and my understanding is we haven't met between christmas and new year's since 1962. so it does take a crisis, of major proportion, to make that happen. and i think we are in a crisis right now. but it's a self-made one, mr. president. it's a self-imposed one. it's like the crisis we had on the debt ceiling. self-imposed. it's not some god forbid exterior attack on our country, which we couldn't prevent. it's not some god forbid plague or a terrible virus that is running across the land. it's, to me, something that is not that complicated, as the president said. we had a series of tax cuts that are expiring. if we let them expire, it means there will be a hu
because a half trillion dollars plus tax hit is about to kick in as a deal to avoid the fiscal cliff is no where are in sight and time is running out. we hit the streets to show people this. this graphic shows how big a tax hit you could expect depending on your income no matter where in the country you live. for folks who could soon be forced to pay higher taxes, reality setting in. >> january 1st, that's what your taxes would go up. >> wow. >> wow. >> wow is not wow. >> well, it's going to be somewhere between 8,000 to $12,000, which i don't have. so i'm not looking forward to that. >> we're living paycheck by paycheck. i have five kids and that's going to put us way down in the hole. >> i'm a single income, you've got to be kidding. >> that's a lot of money. >> we need to keep our money in our pockets to help our country first. >> that sucks. i have a lot more better things to do with that money than give it someplace else. >> taxpayers are clearly worried. it deny next guest reaction from florida republican congressman, good friend, allen west. start with the -- some news we hear
deal that involves an increase in taxes and we don't know what house democrats especially on the liberal side of the spectrum would think about any deal that extends the current estate tax which could be one possible area of compromise. in essence, it is difficult right now to seat senate and house action today. if we are talking about today leading into tomorrow and into the early hours of 2013, that is one possibility. another one could be that they reach a deal and come out holding hands and tell the world they made a deal and they wait for a day or so and come back before the new congress begins on january 3. >> i was going to ask you where the threshold is in terms of income levels. the president said $250,000 or above is considered wealthy. then that was moved to $400,000 and senator harkin said there is some discussion to where that line will be drawn. are you hearing specifics in terms of the tax issue? >> senator harkin and others like senator durbin said the latest democratic position which would have been given to republicans on saturday night was an offer of ke
a 20% of gdp to 25% gdp and rather than cut spending raise taxes as necessary to support that spending and i would say that is in fact essentially the french model. and the question is whether it can support enough growth in the economy. >> paul: taxes are going up, we know that, spending, going up for sure even before the health care law kicks in. so, we are moving in that direction, particularly in the entitlement state. not reforming it, but actually expanding it. >> aen what happened this year was the supreme court helping this along, you have the justices essentially rewrite legislation changing the plain text that congress passed in order to declare obamacare constitutional, which is a little scary, that that highest justices in the land would take that sort of activist role and you mentioned france, dan, that's scary. the back drop of this whole presidential year is europe. we know where the path leads. and the turmoil and welfare states and how unsustainability and the high unemployment that comes with them and that was the back drop of our presidential campaign. >> paul: okay,
higher taxes and deep spending cuts. the senate opening a sunday session with its chaplain. >> look and save us from self-inflicted wounds. >> our coverage continues as lawmakers are still at it. tonight. new video of a plane crash that appeared to leave no survivors the death tole rising. now we see this huge airliner crack into pieces. the latest on what happens here as investigators point to some equipment on boyered. >> al -- on board. >> also feeling the fight of winter weather again. northeast taking the brunt of a new system as many of you head this way to bring in the new year your travel forecast. >>> it has all come down to this again. crunch time in our nation's capital. the state of our economy could hang in the balance. tonight talks to solve the fiscal crisis are continuing to play out in private. it will effect virtually every single american tax hikes that will take money out of millions of paychecks unemployment benefits that could suddenly ride up for millions of people still looking for work. deep spending cuts that could hurt our military with so much at stake it
. they support proposition 30 in california to raise taxes one upper income californians and to raise the sales tax because hispanics remain at the lower level of the economic ladder and they use government welfare programs at a very high rate.t . lou: i welcome this discussion. now being by the republicans one reforming our immigration laws. but i hope there is not a rush to judgment somehow loses across a vast sea of facts and realities that have been avoided by both political parties. the american people really need to understand what is happening the hispanic community needs to understand what is happening.de the idea that this countryhere should be selecting those of prince and the united states based on their skills or bgo talents, that has to be a tough sell when theug land bridge istt downe south. >> that is white amnesty is very risky because it means that stopping the flow of illegal aliens from that land bridge will be even more difficult. lou: if there is an amnesty, to be the the third in the last 26 years and it will be something to watch.wa >> and we will have it in full, i guar
not due back ununtil sunday. that is two days before the tax increases take affect. boehner is putting the ball in the court and says the house will take action on whatever the senate can pass. the president has spoken to senate and house leaders from both parties but had no plans to meet with congressional leaders tonight or tomorrow. >> three people have filed a federal lawsuit against city of san francisco arks kusing the police department of conducting illegal searches. this occurred at the henry hotel. saying police officers entered room was a master key provided by the hotel, then, began searching through personal belongings without warrants or just cause. thist@2p is camera footage of te searches by public defender last year. the suit filed by civil rights attorney john buress naming four officers. >> a slew of new laws set to hit the books january 1 from new rules on the road to sales tax increases for sm.=i=r? we're live to preview some of the new rules and laws. nannette? californians taxes will go up in just a few days. the income tax will go up for high earners and sales ta
the fiscal cliff. the tax hikes will kick in january 1. danielle nottingham on the other hand what both sides are saying. >> reporter: top congressional leaders met with president obama. the president called the meeting constructive but reminded lawmakers there is not much time left. >> we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. >> harry reed turned to is the gnat floor. >> we are engaged in discussions, the leader myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation. >> we are going to do the best we can for the caucuses we have and the country that is waiting for us to make a decision. >> reporter: democratic and republican leaders have agreed to extend jobless benefits an some tax increases, but the income threshold is not yet clear. the president and senate leaders are expressing optimism nay will get the job done, but the president has a back up plan just in case. >> if an agreement isn't reached in time, between senator reed and senator mcconnell, i will urge reed to
to an agreement. when it comes to income tax hikes "the washington post" reports that democrats counter offer sets the threshold at $450,000 a year for taxes to go up. republicans are looking for $550,000. democrats are no longer insisting on raising the estate tax on the very wealthy. they will now agree apparently to an up or down vote. that was key for republicans. still, both sides remain far apart on extending unemployment benefits and on the sequester. of course that is when the steep automatic spending cuts would slash budgets at the pentagon and other government agencies. let's bring in "usa today" washington bureau chief susan page and "the washington post" congressional reporter ed o'keefe. good morning to both of you and happy new year. >> good morning. >> same to you. >> the senate returns in about an hour. how close are they? what are you hearing? >> you know, i think it is conceivable that we'll have a new year's eve miracle and there will be a deal but i think the safe bet is against it. for this to happen in the next 14 hours you need to have no senator object to a majority vote, y
done, the tax part. that could get scuttled by the other half, the spending part. john boehner could change his mind, but unless the house speaker does, and allows a vote on the deal still being worked out, america goes off the fiscal cliff. surrounding himself with middle- class americans, president obama had sounded off this afternoon. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it is not done. >> sources say taxes would rise on income over $500,000, which the president sees as a big win for him. >> just last month, republicans in congress said they would never agree to raise tax rates on the wealthiest americans. obviously the agreement that is currently being done would raise those rates and raise them permanently. >> some democrats did not applaud. agreedid the president's to raise rates on those making over $250,000, not four hundred thousand dollars. >> democrats won a two-year postponement, with costs covered by new tax hike. the president scoffed at republican demands for deeper spending cuts. >> shove spending cuts at us. >
for the economy. and the transaction tax is being taken very seriously in europe and probably will happen there, even though the u.k. is kicking and screaming because they specialize in being the home of trading, whether trading in stocks or derivatives or anything else. they simply do not want that to be taxed. there are people in congress. i think wall street is now the number-one contributor to political campaigns. at least, it is in the running for number-one. i have been to washington many times and i'm involved with several groups that are trying to reform the business sector so that it can work, so that it can survive. it is very difficult because of the sheer amount of money that the finance sector in particular is pouring into lobbying and campaign contributions. it is very difficult. >> let's give a round of applause for lin. -- lynn. [applause] there is an opportunity for you to purchase and have the but signed. if you have court-further questions, she will be here signing books. thank you all and have a safe trip home. [captioning performed by national captioning institute] [caption
ditch agreement to avoid deep spending cuts and year end tax hikes affecting the lives of every american, i'm kelly wright. >> i'm heather childers in for jamie colby. the 11th he hour scramble after a crucial meeting on friday, between president obama and the leaders of the house and senate and urged lawmakers to urge them to do whatever it takes to cut a deal. >> i'm modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want, but let's make sure that middle class families and the american economy and the world economy aren't adversely impacted because people can't do their jobs. >> chief congressional correspondent mike emanuel is live in washington with the latest, mike. >> heather discussions are underway and i'm told we should not expect any news or announcements before senators are briefed tomorrow afternoon. after a meeting with the president late friday, the senate majority leader sounded cautiously optimistic. >> we have one meeting in the white house that was very constructive and we hope it will bear fruit and that's what we hope to le
that are beneficiary of another insurance program. that loan is a hidden tax that people don't focus on unless it's pointed out to them. it raises the cost to everyone else. that fact never gets talked about. and it should. >> the largest government health care program medicare is frequently reported to have fraud levels of high sometimes $60 billion a year. i think that's a number i heard. >> i heard it. >> so you can imagine the frustration an the part of the public about that kind of . >> absolutely. >> that kind of fraud and abuse. what has this city never been able to get the arms around the level of fraud and abuse. what does it say for the expansion of government-one programs? >> well, the fact is that it's expensive to weed out the waste fraud and abuse. it takes an awful lot of government time and money put in to eliminating it. i think it's worth doing it. i don't think we do it nearly enough because if you stop it, and slow it down, then gradually you can retract the government requirement to weed it out. you get rid of it you don't have to pay as much to keep it out as you do to get o
equipment to answer legislation on this and finances district proceeds are basically tax increpts that is baseline established and growth above that baseline of what pedestrian interest tax and so it's similar to increment financing and these are at the growth and tax of project's cause that otherwise go to the taxing entities pribblely the generally fund and we hold those proceeds to repay the investment and infrastructure. so no, to the proposed policy. there has been a long tradition both in the charter and in the burton act that the harbor fund is a self supporting the port is a self supporting enterprise and the city obviously, we pay for that was we purchase from the city and we want to maintain a balance so that the 50 city is not subsidizing the hash fund for our activities and the general services that we require from the city and so we have under taken a nexxus analysis in 2004 and eight that looks at the balance of payment and the next is the methodology that ports with long term leases where the tenants pay tax they pay ampleel tax to be provided these services lik
thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely, extremely angry in ways that you really hear on the senate floor with the speaker of the house. take a listen. >> it's beings operated with a dictatorship of the speaker not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass. >> so harry reid there calling house speaker john boehner a dictator for not bringing a bill to the floor that would extend the bush tax cuts for all those who make less than $250,000 a year. now that bill if it was brought to the house floor would have to pass with democratic votes. speaker boehner has said that he wants to pass something ultimately that can be con by t done by the majority of the majority. >> i don't understand how you can call him a dictator when he can't get his own bill passed. that doesn't make any sense to me. if he was a dictator, he could have done it. >> what we're watching here is a lot of finger pointing. the house side wants the senate to do s
a deal to save us from one of the highest tax hikes in u.s. history. >> senators and staffers now behind closed doors. we are told they are trying to put together a plan to help us from all going over the fiscal cliff. we are within 72 hours of the deadline, and tonight the new developments. in the wake of the shooting at sandy hook elementary, gun sales are on the rise. what is driving the spike? and the growing number of teachers who are looking to arm themselves. also, one man's trash becomes a child's musical treasure. you'll meet the children's orchestra that plays instruments recycled from garbage. >> i'm harris falkner. they are actually negotiating on capitol hill just as economic analysts say we are about to go over the so-called fiscal cliff, the punishing combination of higher taxes on just about every worker in america and deep spending cuts particularly to our military. top lawmakers are calling in staff members for meetings on this saturday. right now we are told senate leaders are working on a potential deal. still our journalists on the hill are being told there will be n
of the highest tax hikes in u.s. history. >> senators and staffers now behind closed doors. we are told they are trying to put together a plan to help us from all going over the fiscal cliff. we are within 72 hours of the deadline, and tonight the new developments. in the wake of the shooting at sandy hook elementary, gun sales are on the rise. what is driving the spike? and the growing number of teachers who are looking to arm themselves. also, one man's trash becomes a child's musical treasure. you'll meet the children's orchestra that plays instruments recycled from garbage. >> i'm harris falkner. they are actually negotiating on capitol hill just as economic analysts say we are about to go over the so-called fiscal cliff, the punishing combination of higher taxes on just about every worker in america and deep spending cuts particularly to our military. top lawmakers are calling in staff members for meetings on this saturday. right now we are told senate leaders are working on a potential deal. still our journalists on the hill are being told there will be no official proposals or vo
on the hill. bringing lawmakers back where we were 24 hours ago and bringing us closer to higher taxes on just about every worker in america and deep spending cuts, particularly to our military. i'm hair harris faulkner. this is a special two-hour edition of the fox report. pressure is mounting as talks appeared to be making progress at one point then late today, word they hit a setback this afternoon over social security spending. senate minority leader mitch mcconnell says he never received a response to a republican offer last night and is reaching out to vice president joe biden to kickstart negotiations with the white house at this point. the senator saying fail to go solved the crisis is simply not an option. >> the consequences of this are too high for american people to be engaged in a political messaging campaign. there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know i'm willing to get this done. but i need a dance partner. >> a dance partner. mean
taxes on families and small businesses. it was a mandate to work together to begin solving the massive debt that threatens our country's future. >> reporter: the house and the senate will both be back in session tomorrow and the president has said he expects them to quickly vote to pass legislation to avoid the fiscal cliff, if, he and the speaker are able to make a deal before it's too late. gregg: we'll be holding our breath. peter doocy, thanks. >> reporter: yeah. patti ann: the commander-in-chief also spent part of his holiday thanking the troops on a visit to a hawaiian military base. the president and first lady paying tribute to those here and abroad who risk their lives keeping us safe. he took time to honor their families as well. >> so many of you make sacrifices day in, day out on behalf of our freedom, on behalf of our security, and not only do those in uniform make sacrifices but i think everybody here understands the sacrifices that families make each and every day as well. and michelle --. patti ann: the president also made a series of holiday phone calls monday night th
is in the aired hading back to washington. is it too late. we are breaking doup your tax reality. >> brian: and holiday travelers are stuck on the tarmac x. one pilot was frustrated . wait until you hear what he did over com. "fox and friends" begins right now. ♪ ♪ "fox and friends". >> brian: kelley wright. i am clayton morris . this is julia morris. >> happy merry christmas. you guys have a nice christmas. >> family was here and we had a great time. >> frolic in the -- >> clayton: beautiful snow. >> you can't beat christmas in new york 73 unless you are manger square in bethlehem. >> clayton: we'll tell you about people stuck on the tarmac. five or six hours. if you were trapped or stuck in texas let us know. >> we have a folks news - fox news alert. former president bush's condition has worsened. he is 88 years old and he was formerally the president . he was hospitalized for a cough . and family spokesman admits things are not going well but doctors remain cautiously optmistic. >> he's in critical condition and in a bad way. the doctors believe there is a path for him to recover fr
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